MODULE 5

• Industrial Enterprise - concerned with the combination of land, labor, capital, and information in order to produce a processed good
• History of Industry Entrerprise

  TOOLS FOR AGRICULTURE

  BIRTH OF COTTON SPINNING MILLS

  MODERN MFG. INDUSTRIES
• Classes of Manufacturing Industry

  NATURE OF THE INDUSTRY

  USE MADE OF THE PRODUCT

  AMOUNT OF SERVICE OBTAINED FROM THE PRODUCT
• Nature of Industry

  1. Producer – goods industries

  2. Consumer – goods industries
• Use Made of Product

  1. Semi – manufactured goods
  2. Finished goods
• Amount of Service Derived

  Durable Goods

  Non-durable goods

  Semi-durable goods
• Labor force

  Finance

  Organization

  Business policies & regulations

  Marketing channels

  Universal economic state of growth
• Major Functions in the Enterprise

  Policy

  Administrative
• Responsibility of Policy Group

  Stockholders

  External investments

  Public relations

  Legal relations
• Responsibility of Administrative Group

  1. Product development

  2. Purchasing

  3. Industrial relations

  4. Manufacturing/Production

  5. Marketing

  6. Internal Finance and Office services